The Calcutta High Court has upheld a Rs 780 crore arbitration award in favour of Reliance Infrastructure Ltd in a significant dispute with West Bengal-based Damodar Valley Corporation (DVC).

Reliance Infra wins Rs 780 crore arbitration case against Damodar Valley Corporation

The flagship firm of Anil Ambani, Reliance Infrastructure Ltd is hoping to raise Rs 1,100 crore of equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms.

Reliance Infra raises Rs 1,910 crore; promoters to invest Rs 1,100 crore

Reliance power limited has paid off the entire obligations of the company as a guarantor on behalf of Vidarbha Industries Power Limited (VIPL). The total outstanding debt amounts to Rs 3872.

Reliance power settles outstanding loans, shares jump